Brokerages Expect Container Store Group Inc (TCS) Will Announce Quarterly Sales of $229.74 Million

Equities analysts forecast that Container Store Group Inc (NYSE:TCS) will report $229.74 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Container Store Group’s earnings, with the lowest sales estimate coming in at $227.68 million and the highest estimate coming in at $231.80 million. Container Store Group reported sales of $216.38 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.2%. The firm is expected to report its next earnings results on Tuesday, February 6th.

On average, analysts expect that Container Store Group will report full year sales of $229.74 million for the current year, with estimates ranging from $840.15 million to $865.00 million. For the next financial year, analysts expect that the company will post sales of $876.35 million per share, with estimates ranging from $864.35 million to $898.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Container Store Group.

Container Store Group (NYSE:TCS) last announced its quarterly earnings data on Tuesday, November 7th. The specialty retailer reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.05. The business had revenue of $218.40 million for the quarter, compared to analyst estimates of $216.95 million. Container Store Group had a net margin of 0.59% and a return on equity of 6.18%. Container Store Group’s revenue was up 6.5% on a year-over-year basis.

Separately, Zacks Investment Research lowered shares of Container Store Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.13.

Container Store Group (TCS) opened at $4.85 on Thursday. The firm has a market cap of $245.35, a PE ratio of 48.50, a PEG ratio of 2.13 and a beta of 1.90. Container Store Group has a 1-year low of $3.53 and a 1-year high of $6.74. The company has a current ratio of 1.26, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Container Store Group during the 2nd quarter worth approximately $105,000. Blair William & Co. IL increased its position in Container Store Group by 4.0% during the 2nd quarter. Blair William & Co. IL now owns 21,225 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 825 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in Container Store Group during the 2nd quarter worth approximately $160,000. Strs Ohio acquired a new stake in Container Store Group during the 3rd quarter worth approximately $187,000. Finally, Tudor Investment Corp ET AL increased its position in Container Store Group by 49.2% during the 2nd quarter. Tudor Investment Corp ET AL now owns 39,096 shares of the specialty retailer’s stock worth $231,000 after purchasing an additional 12,901 shares in the last quarter. 77.45% of the stock is owned by hedge funds and other institutional investors.

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About Container Store Group

The Container Store Group, Inc is a specialty retailer of storage and organization products. The Company’s segments include The Container Store (TCS), Elfa and Corporate/Other. The Company’s TCS segment consists of its retail stores, Website and call center, as well as its installation and organizational services business.

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